Billionaire founder and CEO of Facebook, Mark Zuckerberg, is a man of simple tastes.Indeed, he famously wears the same outfit each day. And while some leaders likely wouldn’t dream of following in his fashion footsteps, he said the choice of clothing is to help eliminate spending energy on silly or frivolous things. “I really want to clear my life so that I have to make as few decisions as possible about anything except how to best serve this community,” he explained. Of course, Zuckerberg is a known philanthropist and with a worth of $35.7bn, he really doesn’t need to worry about things like money in the same way us mere mortals do. This was proven in March 2014 when it was revealed in a company statement that Zuckerberg decided to reduce his annual salary to just $1. In setting compensation for 2013 , our CEO, our COO, and our vice president, human resources, worked closely with the compensation committee in managing our executive compensation program and attended meetings of the compensation committee,” said the document. No executive officer participated directly in the final deliberations or determinations regarding his or her own compensation package, except for our CEO who requested that his base salary be reduced to $1 per year for 2013. That meant for 2013 and each year to follow, he would be rewarded with just one buck the equivalent of 66p. The decision, one Zuckerberg clearly didn’t believe to be frivolous , brought him alongside other members of the $1 salary club, which include Apples Steve Jobs, Googles Sergey Brin, Larry Page and Eric Schmidt, and Teslas Elon Musk. Offering a similar explanation to that of the reason for his limited wardrobe, Zuckerberg said: I’ve made enough money. At this point, I’m just focused on making sure I do the most possible good with what I have. The main way I can help is through Facebook giving people the power to share and connecting the world.
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